CABS Internet Banking Still Down

Since at least Saturday the 29th of August, CABS internet banking has been down. I noticed this myself, and tweeted about it. The bank sent a communication on Monday the 29th of August, informing customers of the problem and blaming a “technical fault”.   We would like to advise you that our Internet Banking platform is…

CABS hike RTGS fees

I just tried to do an inter-bank transfer via RTGS, from my CABS online banking. Luckily, I always read the print, because they’re not charging $11.00 for one transfer. That’s right. Eleven united states dollars. In Zimbabwe. To put this in perspective, on the 24th of May it cost me $5.00. On the 27th of…

BancABC: stale thinking, dull banking

Ed Masau had a terrible experience at the hands of BancABC. In his own words: I got the shock of my life on Sunday 24 March 2013 when l had ordered some grocery for breakfast just before going to church. I was in a supermarket and l intended to use my BancABC card to buy…

High bank charges exposed

According to NewsDay, “Following public outcry over high service charges, the Reserve Bank of Zimbabwe (RBZ) and banking institutions signed a memorandum of understanding (MOU), which provides guidelines for the determination of interest rate margins and bank charges.” From the article: Banks are now required to pay an interest of 4% for time deposits of…

CABS bank charges are mysterious

I understand that CABS had their new website hacked, so maybe they do have an excuse for having outdated bank charges on their current site. What I don’t understand is the new ATM withdrawal charges. Are they making us pay for their fancy, new-fangled talking ATMs? Anyway, an ATM withdrawal used to be $1.00 and…

TN May Charge You for a Bed & Deliver a Hot-Air Mattress

Updated below So Tawanda went down to TN to buy a bed, which I didn’t know you could do, but bear with me. He got there, paid for the bed, didn’t get a bed, was told his bed hadn’t actually been made yet, made a bit of noise and eventually was promised his money back,…

FBC Bank might just give you the runaround

I am banking with FBC Samora Machel Branch since January..I have heard people complaining of their service and i did not believe it could be true…on May 30, 2011 I went to the bank applying for E-banking and SMS Banking, I was told ot fill in a form which i did and submitted it to the customer service counter…i was told that for e-banking it would take 48hours and for sms banking it would take 24hrs…today is the 13th of July and still no confirmation has been received.